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Investor ..............stop having a cow and read the original post in where Vick said "IPWG had many patents", which they don't. When he posted that it sounded like he was referring to the WTE plants.They do not own anything in that area.That is what I was referring too,.......Dugh .........geesh!.....mellow out.
the only other thing they own is Add Power...(after) they pay Strand. We all know about that.That was not the point.People in the past have thought that IPWG had special technology pattens that controlled the whole incineration thing........which is not so.That was the only point.
Nobody said anything about Benvengo either..........but I still don't like Pinocchio, no matter how you dress him up.
Future Programs
The property merits an ambitious exploration program consisting of exploratory and infill diamond drilling over vanadium-bearing zones identified by diamond drilling and trenching completed in 2008 and 2009. The goal of the program is to establish a compliant vanadium resource in the Jaky, Manga and Mainty Zones, at a minimum, and to continue exploration on other less well-developed target areas mainly the Fondrana and Maitso Zones. A minimum of 20,000 meters of diamond drilling is scheduled to be completed in 2010.
The economic potential of the property rests upon the ability to extract vanadium using reasonable, potentially economic parameters. We are carrying out further larger sample tests and more complete mineralogy and metallurgical testing of vanadium ores to establish the technological and economic parameters of vanadium processing. The goal of this work is to identify a potentially economic processing method to extract vanadium from both the vanadium silicate and vanadium oxide types, which are known to exist on the property.
We have begun the collection of weather, environmental and social data that would be required in any engineering and socio-economic pre-feasibility study.
The expected cost of the recommended program through to the end of 2010 is US$10,100,000.
http://www.sec.gov/Archives/edgar/data/1302084/000113717110000089/energizer10q02142010.htm
Yeah........that is the only Patented technology I know of that they are in. What the status of that all is now with Narec and Strand I don't think we know.Poor Strand never seems to get his money though.He is sent on one while goose chase after another just to get paid. Last I heard it was Narec who was going to pay him off finally.IMO......that has not happened yet.Looks like every one is cash poor and has a hard time getting financed.
Your post made it sound like there where many pattens that IPWG owned that would be employed in the Poland WTE plant and other plants............that was my point. No sense in giving the wrong impression.
After financing is announced may be we will find out what actual tech they will use and the details of who is building it. what percentages everyone gets. It would be nice to know this if they become current on their filings and file 8k's with the contracts.
Vick..........what pattens are you talking about??They don't own any pattens that I am aware off In the WTE area.
There was talk in the past of their scrub power technology and Add Power..........but with all the delays,problems with Narec and from the confusion on how they aquired those two things from Naanovo or Anovo AB......who really knows now who owns what and and where right now??... We don't know who got paid and who did not. I am Pretty sure old L Strand din not get paid.......IMO
So the failure to pay L.Strand and all that Narec mumbo Jumbo leaves a big confused mess with those pattens..............me thinks??
'
I really don't think they own any pattens to any other specif waste to energy technology..........IMO, I can't remember them ever saying they purchased anything.I can't find no PR to that effect.
They are just doing deals for the rights to use various technologies,I don't remember them ever buying any specific pattens.They spend all the monies of the past on road trips and chasing windmills.I think there is a miss understanding somewhere.............if you think they own "many pattens".......if they did,.We would not be at .002
It should be fun to see if you can find any .It will be something to talk about on Monday since the market id closed and we only have 10 days to blast off.
Form 10-Q for ENERGIZER RESOURCES, INC.
12-Feb-2010
Quarterly Report
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations
Certain statements included in this Form 10-Q, including, without limitation, statements related to anticipated cash flow sources and uses, and words including but not limited to "anticipates", "believes", "plans", "expects", "future" and similar statements or expressions, identify forward looking statements. Examples of forward-looking statements include, but are not limited to: (a) projections of our revenues, capital expenditures, growth, prospects, dividends, capital structure and other financial matters; (b) statements of our plans and objectives; (c) statements of our future economic performance; (d) statements of assumptions underlying other statements and statements about us and our business relating to the future; and (e) any statements using the words "believes," "budget," "target," "goal," "anticipate," "expect," "plan," "outlook," "objective," "may," "project," "intend," "estimate," or similar expressions. Any forward-looking statements herein are subject to certain risks and uncertainties in the business of Energizer Resources Inc. (Formerly Uranium Star Corp.) including but not limited to, reliance on key customers and competition in its markets, market demand, product performance, technological developments, maintenance of relationships with key suppliers, difficulties of hiring or retaining key personnel and any changes in current accounting rules, all of which may be beyond the control of our company. Our actual results could differ materially from those anticipated in these forward-looking statements as a result of certain factors, including those set forth therein.
Management's Discussion and Analysis of Results of Financial Condition and Results of Operations ("MD&A") should be read in conjunction with the financial statements included herein. Further, this quarterly report on Form 10-Q should be read in conjunction with the our Financial Statements and Notes to Financial Statements included in its 2009 Annual Report on Form 10-K filed with the Securities and Exchange Commission on September 21, 2009.
Our financial statements have been prepared in accordance with United States generally accepted accounting principles. We urge you to read this report in conjunction with the risk factors described herein.
BACKGROUND
Company Overview
Energizer Resources Inc. (formerly Uranium Star Corp.) was incorporated in the State of Nevada on March 1, 2004 and reincorporated in the State of Minnesota on May 14, 2008. Our fiscal year-end is June 30. On December 16, 2009, we effected a name change from "Uranium Star Corp" to "Energizer Resources Inc.". We are an exploration stage company engaged in the search for uranium, gold and other minerals. We have an interest in properties located in Canada (Province of Qu?bec) and Madagascar. None of the properties in which we hold an interest has known mineral reserves of any kind at this time. As such, the work programs planned by us are exploratory in nature.
We have not had any bankruptcy, receivership or similar proceeding since incorporation. There have been no material reclassifications, mergers, consolidations or purchases or sales of any significant amount of assets not in the ordinary course of business since the date of incorporation.
Business Development
UNTIL WE CAN VALIDATE OTHERWISE, THE PROPERTIES OUTLINED BELOW HAVE NO KNOWN MINERAL RESERVES OF ANY KIND AND WE ARE PLANNING PROGRAMS THAT ARE EXPLORATORY IN NATURE. Further details regarding our properties, although not incorporated by reference, including the comprehensive geological report prepared in compliance with Canada's National Instrument 43-101 on our Sagar property in Northern Quebec can be found on our website: www.uraniumstar.com. The comprehensive geological report prepared in compliance with Canada's National Instrument 43-101 on our Three Horses Property located in Madagascar has been submitted to the SEC and TSX for approval.
Competitive Conditions
The mineral exploration and mining industry is competitive in all phases of exploration, development and production. We compete with a number of other entities and individuals in the search for, and acquisition of, attractive mineral properties. As a result of this competition, the majority of which is with companies with greater financial resources than us, we may not in the future be able to acquire attractive properties on terms it considers acceptable. Furthermore, we compete with other resource companies, many of whom have greater financial resources and/or more advanced properties that are better able to attract equity investments and other capital. Factors beyond our control may affect the marketability of minerals mined or discovered by us.
Sagar Property: Romanet Horst, Labrador Trough, Qu?bec, Canada
Property Description and Location
The Sagar Property comprises 219 blocks of claims in the Territory of Nunavik, Province of Qu?bec, Canada. The approximate center of exploration activity is circa 56?22' N latitude and circa 68? 00' W longitude. Details on the individual claims are available on-line at the Government of Qu?bec's Minist?re des Resources Naturelles et de la Faune GESTIM website at https://gestim.mines.gouv.qc.ca.
The area comprising these claims is approximately 6,580 hectares. In this part of the Province of Qu?bec, claim outlines are predetermined by "map staking." Previously staked claims are superimposed upon by the map-staking grid, producing some of the small parcels. There are no carried environmental liabilities on the property. All surface work requires provincial government permits, including camp construction permits. These have been acquired.
Agreement
On May 4, 2006, Virginia Mines Inc. ("Virginia") and our company entered into a binding agreement whereby we were granted an option to acquire an undivided 75% participating interest in 200 claims constituting the Sagar Property located in the Labrador Trough in Northern Qu?bec. Under the terms of this agreement, we had the option to earn a 75% interest in the Sagar Property by issuing to Virginia 2,000,000 of our common shares and 2,000,000 of our common share purchase warrants, each warrant entitling Virginia to acquire one of our common shares at a price of US$1.00 for a period of three years from the date of issue thereof, and by incurring total exploration expenditures of $2,000,000 on the Sagar Property by August 2008. Furthermore, Virginia had the option, at any time, to sell its remaining 25% participating interest in the Sagar Property in consideration for the issue to it of 1,000,000 of our common shares and 1,000,000 our of common share purchase warrants. The common share purchase warrants shall be exercisable at a price equal to the 20-trading day weighted average closing price preceding the selling date, and shall be valid for a period of two years from the date of issuance. Upon our earning a 100% interest in the Sagar Property, Virginia shall retain a 1.5% royalty (NSR). In the event of a gold discovery on the Sagar Property with an NI 43-101 indicated resource of no less than 500,000 ounces, Virginia shall be entitled to exercise a back-in right to re-acquire a 51% interest in the Sagar Property by making a cash payment or issuing common shares equivalent to an amount equal to 250% of the expenditures incurred by us on the Sagar Property at such time. Upon the exercise of such back-in right, Virginia would become the operator of the Sagar Property.
On February 19, 2007, Virginia exercised its option to sell its 25% remaining interest in the Sagar Property to us and in connection therewith, we issued to Virginia 1,000,000 of our common shares and 1,000,000 of our common share purchase warrants, with each such warrant being exercisable at a price of $1.24 for a period of two years from the date of issuance. As a result of this exercise, we now holds a 100% interest in the Sagar Property, subject to a royalty equal to 1% of net smelter returns on certain claims 0.5% on net smelter returns on other claims owned by Pierre Poisson and Joanne Jones (the "P&J Royalty") (see below), and a royalty in favour of Virginia equal to 1.5% of net smelter returns. Under the agreement with Virginia, we must incur aggregate exploration expenditures of at least $2,000,000 on the Sagar Property on or before August 31, 2008.
The agreement with Virginia is subject to a royalty agreement dated May 27, 1992 (as amended by agreements dated May 10, 1993 and November 3, 1993, collectively, the "Virginia Royalty Agreement") between Virginia Gold Mines Inc. (predecessor to Virginia) and Pierre Poisson and Joanne Jones. Pursuant to the Virginia Royalty Agreement, Virginia acquired a 100% interest in the Sagar Property, subject to the P&J Royalties. Pursuant to the Virginia Royalty Agreement, Virginia had the right to buy back half of the 1% net smelter return royalty (0.5%) for $200,000, and half of the 0.5% net smelter return royalty (0.25%) for $100,000, such P&J Royalty repurchase are now held by us.
As at December 31, 2009, we incurred an aggregate of $6,802,623 of exploration expenditures on the Sagar Property.
We are currently up to date with all obligations required to maintain the property in good standing.
FERDERBER CLAIMS
Property Description and Location
Energizer Resources Inc.(Formerly Uranium Star Corp.) has acquired a 100% undivided right, title and interest in and to 19 mining claims (0036315, 0036316, 0036317, 0036318, 0036319, 0036320, 0036321, 0036322, 0036323, 0036324, 0036325, 0036326, 0036327, 0030649, 0030650, 0030640, 0030638, 0030612, 0030613) held by Mr. Peter Ferderber, covering an area of approximately 64 hectares located in the Central Labrador Trough Region of Qu?bec, 13 of which are contiguous to our Sagar Property.
In consideration of our receiving a 100% interest in these claims (free and clear of all encumbrances), subject to any net smelter return royalties, we paid Cdn$6,000, and issued 150,000 shares of our common stock and a warrant exercisable for 75,000 of our common shares, exercisable at $1.00 for a three year period from date of issuance.
Underlying Royalty (NSR)
Mr. Ferderber retains a 1% net smelter return royalty on this property and agreed that we shall have a first right of refusal to purchase the 1% net smelter return royalty should Mr. Ferderber, at his sole discretion, elect to sell the royalty.
Sagar Property and Ferderber Claims Highlights
The following are key features of the Sagar Property:
The geological setting of the property is the northwest trending Romanet Horst within the Labrador Trough. The significant mineral potential of this geological setting is well demonstrated by the abundance and diversity of uranium-gold showings, which range from veins to breccia's to shear zones. There is also locally significant sedimentary-hosted copper mineralization. The most spectacular mineralization found to date is the 500 x 200 meter Mistamisk boulder field which contains 150 boulders that range up to 640 g/t gold and 4.11% uranium, with 70 tested boulders averaging 64.9g/t gold and 1.3% uranium. The boulders discovered within the Mistamisk boulder field range in length from 0.30 to 2.0 metres. Previous work has not determined the bedrock source of this boulder field.
Copper mineralization has been defined in a number of locations, the most significant being the Dehli-Pacific showing, which has reported 4.2% copper over 7.6 meters within a drill hole that intersected a shear zone along a sediment-gabbro contact.
We are currently up to date with all obligations required to maintain our option in good standing.
MADAGASCAR PROPERTY
Property Description and Location
The Madagascar properties are comprised of mineral permits consisting of 36 "squares", each square representing approximately 6.25 sq. kilometers. The properties are located in the District of Toliara and are referenced as TN 12,306,P(R); TN 12,814, P(R); TN 12,887 P(R); TN 12,888 P(R); TN 13,020 P(R); TN 13,021 P(R) as issued by the Bureau de Cadastre Minier de Madagascar ("BCMM") pursuant to the Mining Code 1999 (as amended) and its implementing decrees.
[[Image Removed]]
Three Horses Property Boundary
(blue lines are creeks, red lines are property boundary, black lines are seasonal tracks)
Agreement
On August 22, 2007, we entered into a joint venture agreement with Madagascar Minerals and Resources sarl, a company incorporated under the laws of Madagascar. The joint venture, to be known as the "Three Horses Joint Venture", will be operated through a Madagascar limited liability company in which we will own a 75% undivided interest and Madagascar Minerals will own the remaining 25% interest. The consideration paid to Madagascar Minerals to acquire the 75% stake in the joint venture consisted of:
(i)
a signing fee of $15,000 within 15 days of the properties vesting in the joint venture;
(ii)
a payment of $750,000 within 15 days of the properties vesting in the joint venture and
(iii)
the issuance of 1,250,000 of our common shares and 500,000 of our share purchase warrants within 30 days of the properties vesting in the company created for the joint venture under Madagascar law. Each share purchase warrant is exercisable at $1.00 per share for a period of 2 years from the date of issuance.
In the event that a joint venture party's interest in the joint venture is diluted below 10%, then that interest will be exchanged with the majority shareholder for a 2% net smelter return. Furthermore, that royalty may be acquired by the remaining joint venture party as follows:
(i)
the 1st 1% at US$1,000,000 in cash or our common shares; and
(ii)
the 2nd 1% at US$ 1,500,000 in cash or our common shares;
both at the option of the remaining shareholder.
On July 9, 2009 our company entered into a definitive agreement to acquire the remaining 25% interest of the "Three Horses Joint Venture" for cash consideration of $100,000. On acquisition of the remaining 25% the joint venture with MMR was terminated. MMR retains a 2% net smelter return ("NSR"). The NSR on this 25% interest portion may be acquired by us at a price of $500,000 in cash or shares of our common stock for the first 1% and at a price of $1,000,000 in cash or shares of our common stock for the second 1% at our option.
Exploration Program.
The Green Giant Property (formerly called the Three Horses Property), consists of 31 squares, covering an area of approximately 194 square kilometres, displays extensive gossan outcroppings at surface. An examination of part of the Property revealed several large areas covered with gossanous boulders which are believed to overlie massive sulphide mineralization. We conducted a first phase of exploration from September to November 2007 for the Three Horses Joint Venture which included: road maintenance, camp construction, data acquisition, an airborne geophysical survey, geological mapping, stream sediment sampling, prospecting and mechanical trenching.
All phases of the exploration project were managed by Taiga Consultants of Calgary.
In the latter part of March 2008 to June 2008 a full field exploration program following up on the airborne geophysical survey and results of the 2007 exploration program was implemented. This included geological mapping, prospecting, ground geophysical surveys and geochemical sampling.
Diamond drilling of 31 holes was carried out from October - November 24th, 2008. Extensive mechanical trenching was carried out in the first half of 2009.
Plan of Operation
Our plan of operations for the period until December 31, 2009 was to complete
the following objectives within the time periods specified, subject to our
obtaining the necessary funding and/or permits for continued exploration of the
mineral properties. The following table, although subject to revision,
summarizes the anticipated exploration expenditures on our current properties
for the period until December 31, 2010.
2009 2010
Sagar Project (incl. Ferderber Claims) $20,000 $20,000
Madagascar $2,600,000 $7,500,000
Other $20,000 $20,000
Totals $2,640,000 $7,540,000
Madagascar Properties
Prior to the exploration work completed by Energizer Resources (Formerly Uranium Star) in 2007 and 2008 there is no record of any previous mining or significant exploration activity within the Property area. There is evidence locally of minor artisanal working and small exploratory pits for gems and gold by the local population.
Taiga Consultants Ltd. was retained by Energizer Resources (Formerly Uranium Star) to manage exploration activities on the Three Horses Property in the summer and fall of 2007 and throughout 2008.
In 2007 Taiga began a grass roots exploration program with the goal of determining the potential of finding economic VMS and/or gold mineralization on the property. The program consisted of the following on the property:
a)
Stream Sediment sampling over the majority of the property area (182 samples)
b)
Reconnaissance geological mapping over the entire property and detailed geological mapping over selected stratigraphic horizons
c)
Prospecting over selected target areas (126 grab samples and 100 whole rock grab samples)
d)
Soil sampling over selected target areas (1684 samples)
e)
Limited trenching over selected targets (11 trenches over 525.5 metres)
f)
Construction of a cinder block base camp at Fotadrevo
g)
Construction of a one kilometre long gravel surfaced airstrip at Fotadrevo
h)
Repair and surfacing of the access road from base camp to the airstrip
i)
Remote Sensing interpretation using DEM, Landsat, Aster data
j)
Airborne DIGHEM V multi frequency EM and magnetometer survey over the entire property (7856 km) at 100 meter line spacing
In 2008 ground exploration continued with additional geological mapping, prospecting, rock soil and stream sediment geochemical sampling, trenching and ground geophysics, as well as diamond drilling. Again the primary target was VMS mineralization. While no significant intersections of sulphides were encountered, it became apparent through the use of a portable XRF (X-Ray Fluorescence analysis) instrument that there was potential for significant vanadium mineralization to be defined.
Thirty one (31) diamond drill holes, TH-08-01 to TH-08-31, comprising 4073.3 meters (13,364 feet) of diamond drilling were completed from October 7 to November 20, 2008 on the Three Horses Property. The objective of the drill program was to investigate several geochemical, geophysical, and/or geological targets defined during the course of exploration programs completed on the property.
[[Image Removed: [energizer10q02142010002.jpg]]]
2008 Diamond Drill Hole Locations
Composited Vanadium Mineralization in 2008 Drill Holes
Hole Depth in Metres V2O5
From To Interval %
TH-08-01 103.6 115.8 12.2 0.39
TH-08-02 42.7 109.7 36.6 0.27
incl. 100.6 109.7 9.1 0.36
TH-08-07 27.4 54.9 27.4 0.23
TH-08-11 33.5 39.6 6.1 0.41
TH-08-11 57.9 76.2 18.3 0.37
TH-08-12 30.6 114.3 83.7 0.37
incl. 45.7 61.0 15.2 0.40 incl. 86.9 109.7 22.9 0.47 TH-08-13 38.5 141.7 103.2 0.32 incl. 76.2 141.7 65.5 0.36 incl. 112.8 141.7 27.4 0.45 TH-08-14 12.2 109.7 97.5 0.35
incl. 76.2 91.4 15.2 0.66
TH-08-24 4.6 82.3 77.7 0.67
incl. 12.2 61.0 45.7 0.91
TH-08-25 18.3 48.8 30.5 0.32
TH-08-25 100.6 103.6 3.0 0.47
TH-08-26 9.1 36.6 27.4 0.41
incl. 18.3 27.4 9.0 0.76
TH-08-26 67.1 73.2 6.1 0.53
TH-08-27 9.1 97.5 88.4 0.30
incl. 18.3 29.0 10.7 0.88
TH-08-27 146.3 153.9 6.0 0.50
TH-08-31 15.2 51.8 36.6 0.38
incl. 36.6 48.8 12.2 0.56
Average of Drill Intercepts - 43.9m @ 0.36% V2O5
In the spring of fiscal year 2009 a detailed hand-held XRF survey of soils and follow up mechanical trenching was undertaken. The goal was to define areas of interest with XRF instrumentation. These areas of interest were then trenched and channel samples collected and submitted to a recognized laboratory for conventional analyses.
In early fiscal year 2009 it was felt that the vanadiferous trends were not sufficiently well understood in terms of their areal extent, it was felt that additional information was needed to trace the trends to allow for efficient and economical testing in future diamond drilling programs. The most favorable survey was considered to be shallow machine trenching. Given the fact that in the weathered zone the vanadium mineralization is difficult to identify by eye, and the exact location and width of the trends were not known, a means was required to identify in the field the location and tenor of the vanadium mineralization to minimize the cost and disturbance resulting from trenching. Given the previous encouraging experience with X-Ray Fluorescence analysis of vanadium used on the drill core in 2008, this technique was chosen to allow for in-field grade control. It is cautioned that the XRF analysis method is not a substitute for actual rock sampling and proper laboratory analysis and so the reader is advised that XRF data should only be taken as a rough indication of the elemental content of the rock being analyzed and not as a precise measurement of the amount of vanadium in the rock. The trenches were also channel sampled and those samples were sent to a reputable laboratory in Australia for final analysis.
In the first half of fiscal year 2009, a total of 56 trenches with a combined length of 8,168 m were completed. Trenches were completed in the Jaky, Mainty, Manga and Fondrana Zones. The layout of the trenches in the Mainty and Jaky Zones was designed to test for extensions of the surface extent of vanadium mineralization found in the 2008 drill holes into these areas. Trenches in the Manga Zone were located to test the regional structure, which joins the Mainty and Jaky Zones.
[[Image Removed: [energizer10q02142010003.jpg]]]
Vanadium-bearing Zones
[[Image Removed]]
July 2009 Trench Location Map
Trenching was completed by a 28 ton Komatsu backhoe, a 22-ton backhoe, and a small wheeled backhoe.
The XRF method of analysis appears to serve best as a tool for locating and prioritizing target areas for detailed follow up exploration and so is considered by our management as an excellent tool to allow vectoring over mineralized areas.
In the case of the Jaky Zone, the anomalous vanadium values which define the zone extend for over 1.1 km, and for the Manga and Mainty Zone for at least one kilometer each. The width of the zone defined by the XRF readings is also in excess of that seen in the sub-surface. Portions of the Jaky Zone are over 200 wide and for the Manga and Mainty Zones over 100m wide. It is felt that the XRF data is sufficient to map the areal extent of the mineralized zones. The exact tenor of the mineralization is confirmed by the assay results of the channel sampling completed in the trenches.
In the southern or Jaky Zone the average of 8 trenches spaced 100 meters apart assayed 0.52% V2O5 over 136m (not a true width) with a high grade core averaging 0.78% V2O5over 44m. The Manga Zone located north of the laterite plateau had 6 trenches spaced 200 meters apart that averaged 0.48% V2O5 over 82 meters (not a true width) with a high grade core that averaged 0.67% V2O5 over 27 meters.
Trench # From To Length % V2O5
TR-09-001 0 116 116 0.48
incl. 28 52 24 0.72
incl. 70 90 20 0.77
TR-09-002 54 136 190 0.56
incl 104 136 32 0.96
incl. 154 208 54 0.67
TR-09-003 58 134 192 0.47
incl. 86 152 66 0.8
TR-09-004 84 200 116 0.5
incl. 112 164 52 0.75
TR-09-005 26 62 36 0.23
TR-09-006 28 74 46 0.36
TR-09-007 8 100 92 0.27
TR-09-008 40 106 66 0.40
Incl. 44 70 26 0.55
TR-09-009 24 84 60 0.25
TR-09-010 106 152 46 0.31
Tr-09-011 0 30 30 0.36
TR-09-012 4 34 30 0.41
TR-09-013 84 140 56 0.25
TR-09-014 -14 32 46 0.38
incl. -8 4 12 0.68
TR-09-015 52 92 40 0.26
TR-09-016 44 88 44 0.27
incl. 44 50 6 0.58
TR-09-017 134 152 18 0.38
. . .
China ups rare earth reserve
By Patti Waldmeir in Shanghai
Published: February 12 2010 02:00 | Last updated: February 12 2010 02:00
China's leading producer of rare earth metals has been given government approval to build a strategic reserve, exacerbating concerns that Beijing is tightening its
grip on the valuable minerals, needed to produce green and high-technology products.
China supplies about
95 per cent of the global market for rare earths, used to produce everything from hybrid cars to iPod music players.
Baotou Rare Earth said in a statement to the Shanghai stock exchange that it had gained approval from the regional government of Inner Mongolia to build 10 reserve facilities capable of storing more than 200,000 tonnes of rare earth oxides.
Over the past three years, China has steadily cut export quotas for rare earth elements, saying it needs additional supplies in order to develop the domestic clean energy and high-tech sectors.
This has fed foreign suspicions that Beijing plans global domination of rare earths. Deng Xiaoping, the former Chinese leader, said in 1992 that, while the Middle East had oil, China had rare earths. However, foreign and Chinese industry executives doubt Beijing's goal is to create an Opec-like price cartel.
China recently eased its export quotas, boosting the allowance for the first half of the year to 16,300 tonnes of rare earth elements, up by more than 8 per cent compared with the same period in 2009.
After flooding the world market with cheap rare earths for more than a decade, Beijing now wants to ensure that it has the commodities it needs to feed its own ambitions to build advanced and green technology industries such as electric vehicles
The move to create a strategic reserve at a cost of about $3bn could also boost the cost of rare earths. Prices have risen about fivefold since 2000, but the financial and economic crisis has put pressure on the price of some of them.
If you where a market maker............what would you do in the two remaining weeks? Barring some news on the chill.........who can really buy this stock now? Just a few of us die hard gamblers, but how much power do we have left in the barrel? How much of a good deal do we even need?
What Could be announced other than the financing and the chill that would lift this during this time ahead? Not much .......and why waste any news under these conditions of uncertainty?
What we have is lingering memories of the past that keep pulling this down and hope of a few new believer slowing the rate of decline until "D" day.
Question is, IMO.........can the new believers out power the past in the short term? Probably not beacuse we already know the story and with each passing day the dry powder is running out and there is no new blood to lift the thing.
News will do it.........and only news will really lift this. the chart is so low now what is to prevent it from retesting the lowest lows of the past? the chart almost demands it since we are so close to it.It could use a solid double bottom on the declining wedge to really give it strength and support for the possible coming run up.
IMO........that is the target of the manipulators for various reasons. Stair step it there and linger.....while waiting for the definitive decision on the financing then hopefully the chill removal. If it don't arrive as expected...........there is less risk to them since there is so few who could hold the price up now any ways.................IMO
I didn't say they where exact copies. I just wanted to point out that stock can go very low and then go very high..........that was all.I can't speak to the long term investment on any stock, things change over time.
I made a lot of money on a similar run in another stock.It eventually did not make it........but it had its run.
Who knows......may be this will run and keep on going?
Rod........I did not respond to your question a few weeks back because i don't pay the extra 15 bucks for premium service.The story here I think is good............just the chill is the thing that I woke up worrying over this week end because I don't know what is really going on. I don't think anyone here does.....IMO. Or if they do...............they could not tell us.
End result, we don't know.........but it is still a good overall bet, IMO.Beats wages...........:)
I have a bet on Equity groups that we could reach .20 cents by April 2...........one day after April fools day.........:)
We could do it......but the chill has got to go...........or I may loose the bet all do to timing.But over the longer term we should do that price and even higher, if the rumors of other things pending is true.
Waiting another two weeks is just pure hell isn't it? I have done it for so long, I think I am grinding my teeth at night from it and one eye is sinking lower along with my left dangling participle.........or it could just be old age getting even........uggg.
That is the question?.............where are we wrong? I don't know the answer.It could be IPWG is exactly the kind of pink sheet company that have given the industry a bad name. They are Chilled and have never come through on their PR's in the past. If you look at it from that simplistic level............it is pretty obvious. there is nothing here and the stock is prices correctly.
Now............ the rest of us "smart people" think we know more than the rest of the sheep and we have done our DD and we are taking an educated gamble that they will produce this time.OK if that is right, we are just ahead of the learning curve and the market has got it wrong for a while and will eventually find the correct price given the right amount of time.
these unbalances in price do happen and they do work themselves out. a few months ago this stock was stalked about , ASFX.......IMO. it behaved much like IPWG could in the future.It went as low as .0002 and then in a few months reach over .08 cents.so things like this do happen.what was the reason there??
It could be much better here since that stock was not suspended. .............just imagine if the chill is lifted and IPWG produces the goods? IMO............there is more negativity built up here like a compressed spring,. When this blows..............it could go much higher than any one expects.that is usually how it goes on a story everyone thinks is dead, that comes back to life.
Just hoping my views are right on this one.
Chief........I agree with you on the Chill story. we will not go far with it, IMO.
Air turbulence ahead...........buckle up, IMO.
Energizer Resources Releases NI 43-101-Compliant Technical Report on its Green Giant Vanadium Project
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Press Release Source: Energizer Resources Inc. On Friday February 5, 2010, 1:00 pm
TORONTO, ONTARIO--(Marketwire - 02/05/10) - Energizer Resources Inc. (formerly Uranium Star Corp.) (OTC.BB:URST - News)(Frankfurt:YE5 - News) ("Energizer" or "the Company") announces it has completed and filed on SEDAR and EDGAR its NI 43-101-compliant technical report (the "Report") for the explored portion of its Green Giant Vanadium Project in Madagascar.
The Report was prepared by PEG Mining Consultants and confirms that the exploration programs completed in 2008 and 2009 have established that at least two large-scale, vanadium deposits exist on the Green Giant Property and that the Property merits an aggressive resource definition exploration program consisting of exploratory and infill diamond drilling over vanadium-bearing zones.
The Company's recently reported and favourable assay results (January 24 and January 26, 2010 press releases) confirmed that the Manga zone has a high-grade core that is open along strike and at depth, and has been defined over a strike length of 500 metres. The 2010 drill program is expected to commence in May after the end of rainy season, and will focus on expanding the Manga zone over a strike length of 3,000 metres.
Infrastructure Synergies Expected to Provide Cost Benefits
A large Sakoa coalfield, approximately 30 kilometres northwest of the Green Giant Vanadium Project, is being developed by Asia Thai Mining (Pan African Mining) and Red Island Minerals. Construction is expected to commence in early 2010 and will include a new port facility, road and railroad from the coast to the coalfield, a coal-fired power plant to generate electricity and a major water pipeline. Based on the information provided to the Company by Asia Thai Mining, much of the proposed infrastructure for the coal project will be relevant to the Green Giant Vanadium Project and is expected to provide significant cost savings for both capital and operating components of the Company's Green Giant Vanadium Project. The Company is continuing to investigate the potential synergies between these two projects.
Independent Qualified Persons
Todd McCracken, P.Geo., of PEG Mining Consultants Inc., the Independent Qualified Person under National Instrument 43-101, has reviewed and approved this release. Todd McCracken is the author of the Technical Report Update on the Uranium Star (now Energizer Resources) Green Giant Project dated November 27th, 2009, to be filed within 45 days of this news release.
Andy Holloway, P.Eng., of PEG Mining Consultants Inc., the Independent Qualified Person under National Instrument 43-101, has reviewed and approved this release. Andy Holloway is the author of Section 16 of the Technical Report Update on the Uranium Star (now Energizer Resources) Green Giant Project dated November 27th, 2009, to be filed within 45 days of this news release.
Energizer Resources to Exhibit at the 2010 PDAC
Once again, the Company will be attending and exhibiting at the Prospectors & Developers Association of Canada (PDAC) mining show, Booth # 2348 at the Metro Toronto Convention Centre, South Building from March 7 to March 10. Energizer Resources welcomes all shareholders and attendees to the show to come by the booth and hear first-hand the latest updates on our Green Giant Vanadium Project in Madagascar.
About the Company
Energizer Resources Inc. is a rapidly emerging exploration company with assets in Madagascar (Vanadium) and Northern Quebec (Uranium). Its shares are traded on the OTCBB under the symbol URST and on the Frankfurt Exchange under the symbol YE5. The Company has received conditional listing status on the TSX Venture Exchange.
For more information on the Green Giant Project and up-to-date pictures from the field, please visit our website at, please visit our website at www.energizerresources.com.
Cautionary Statement: The statements made in this news release may contain forward-looking statements that may involve a number of risks and uncertainties. Actual events or results could differ materially from expectations and projections set out herein.
The TSX Venture Exchange does not accept responsibility for the adequacy or accuracy of this release.
Contact:
Contacts:
Energizer Resources Inc.
Brent Nykoliation
Vice President of Business Development
Toll Free: 800.818.5442 or 416.364.4911
bnykoliation@energizerresources.com
Energizer Resources Inc.
Julie Lee Harrs
President and COO
We are still with a big Chill on.Most investors still can't buy the stock. I can only buy and sell at Zecco with new moneys. They will not accept transfers of IPWG now. Neither will Bank of America.
Scott, TD, E-trade, Swabb and other still will not let you buy and some you can't even sell.The thing is a manipulators dream.
If I was a Market maker......I would short the thing and drive it down to scare everyone...............and then if the story comes true. I would pick up many shares at the cheap.
We are walking a tight rope with our eyes blindfolded here and our hands tied behind our backs.Off course it is going to fall for now.We are totally off balance.
It looks to me like only financing will give us hope of getting the chill lifted................then the big boys can play on the long side. I also want to see financial's to find out who got all these shares.That will also be part of the picture if they want to become respectable and get into the country club of a normal stock that people feel conformable in owning.There is a lot of public relations damage that has to be fixed.............but financing and income will do it. Along with some good management......IMO.
URST
URANIUM STAR CP
Daily Commentary
Our system posted a BUY CONFIRMED today. The previous SELL recommendation was issued on 01.28.2010 (6) days ago, when the stock price was 0.3500. Since then URST has fallen -5.71% .
BUY-IF is confirmed by a white candlestick with a higher open. The buying price is today's open ( 0.3000 ) according to the Rules of Confirmation.
Patience pays off. The market wavered a bit but finally confirmed the recent bullish formation. The dose of the previous day was not enough for a BUY-IF confirmation but today it is. The market opened with a gap up and the day’s activity resulted in a close higher than the open. This is a valid confirmation criterion. The market is now ready for a bullish move.
We hope that you bought this stock . You should watch the upward gap in the opening, wait a bit, feel the bullish tendency of the market making sure that prices stay over the opening price and then go long. Your benchmark was the opening price of the upward gap.
If you bought, continue to hold this stock until the confirmation of the next SELL-IF signal. You are on safe grounds as long as the future prices continue to trade above the benchmark price. What to do if you did not buy? Maybe, you did not have time to follow the session or you simply delegated the delicate job of confirmation to us. Well it is a bit late, but not too late. You may still find suitable prices for buying in the following sessions.
The market is currently cold for short-sellers. Avoid any short sales and cover the short positions immediately if there are any.
Data provided by: End of Day Data
BUY
CONFIRMED
0.3300
+0.0310 +10.37%
Candlestick Analysis
Today’s Candlestick Patterns:
White Candlestick
Candlestick Pattern
Today a White Candlestick was formed. This represents normal buying pressure.
For more about this candlestick click here.
Stock Quote
Day's Close 0.3300
Previous Close 0.2990
Previous Open 0.2800
Change +0.0310
% Change +10.37%
Volume 711,013
Stock Activity
Day's Open 0.3000
Day's High 0.3400
Day's Low 0.2820
20-Day Close M.A. 0.3765
50-Day Close M.A. 0.4172
65-Day Volume M.A. 222,566
This moment is like in the movie "2001 a space odyssey".............." something great and wonderful is going to happen"
I don't think it is Ihub investors moving the stock price.We are too small of a group for that. IMO, most here got in early and are ridding the wave on someone else s buying in and a good story.We have low average prices for the stock and we are holding for the big long term run over time, that is where we will make our money.
More buyers will come back and buy at some point and PP will go back up. Most of my stocks are down now, not just URST.the market is nervous and market makers play with that. If any kind of possible scary news happens .........people react without thinking.
The political climate has some unknown factors in it...........but IMO, the political party in power now........probably does not have enough power to change the system. I don't think he has even enough power to stay as President. Making big changes requires lots of power or leverage in the form of support by the people. I don't see it there now.
I think it was probably irrational fear by whom ever...........causing an opportunity for others.IMO.
I am not running the world, I didn't move the stock price. The stock was responding for some time too something. Two weeks latter may be we just found out why................don't you want to know?
Ignoring things will not change them.
There are always rumors of this sort of thing in Africa. If this was the cause............it is now factored in the price and you have a good buying opp. I think it it is a good buying opp right in here when everyone is scared out who is leaving................IMO.
May be this fear spilled over to Madagascar?.......it makes sense to me.
Geoffrey York
CAPE TOWN, SOUTH AFRICA — From Tuesday's Globe and Mail Published on Tuesday, Feb. 02, 2010 12:00AM EST Last updated on Tuesday, Feb. 02, 2010 7:39AM EST
A powerful wing of South Africa's ruling party is pushing for the nationalization of at least 60 per cent of the country's mining sector, sending jitters through Canadian investors in Africa's richest economy.
Analysts say the proposal is unlikely to become government policy, but the persistence of the nationalization idea among factions of South Africa's ruling party is causing nervousness among Canadian and other foreign miners here.
"It makes investors skittish," said Ferdinand Dippenaar, president and chief executive officer of Vancouver-based Great Basin Gold Ltd., which is developing a $230-million gold mining operation in South Africa.
"Whenever comments like that are made, I get a lot of e-mails, a lot of calls and a lot of questions. ... People say, 'You know what, until they sort that out, I'm going to invest somewhere else, I'm going to buy other stock.' "
The ruling African National Congress needs to settle its internal conflicts over issues such as nationalization because the tensions are causing uncertainty and dampening investment, he said.
South Africa is the world's third-biggest gold producer and the leading producer of other commodities such as platinum and manganese.
The details of the nationalization proposal were released yesterday by the Youth League of the African National Congress, which has been promoting the idea for months.
The nationalization of mining companies "will involve expropriation with or without compensation," the ANC Youth League said in a statement yesterday.
The government should set up a state-owned mining company to "control the country's mineral resources and bring together all the country's mining interests," the statement said.
"The ANC Youth League will in the next few months engage all stakeholders in the country to persuade them about the program towards mines' nationalization. ... We will also visit countries that have greater control of strategic sectors of their economies."
It argued that nationalization would increase the government's revenues, create new jobs, improve working conditions, and safeguard the country's sovereignty.
Youth League leader Julius Malema, speaking to reporters yesterday, warned that any foreign investor who flees South Africa because of nationalization will be quickly replaced by Chinese investors or others.
South African President Jacob Zuma is perceived as more populist and left-leaning than his predecessors, and many observers worry that his government could be influenced by Communist and labour leaders who serve in an alliance with the ruling party. Mr. Zuma insisted last week that the ANC and the government have not discussed the idea of nationalization, but Mr. Malema said the Youth League has already discussed its proposal with Anglo American PLC, the biggest investor in South African mines.
The Youth League has traditionally been a powerful force in choosing ANC leaders and influencing its direction.
Many Canadian mining companies are active in South Africa, including First Uranium Corp. and Uranium One Inc.
A Canadian government official, speaking on condition of anonymity, said the South African mineral resources department has given private assurances to Canada that the nationalization scheme will never happen.
"These noises come from the left, the populists, the unions, but it doesn't mean that it's going to be implemented," the official said. "It creates horrible noises that people are terrified of, but it's all part of the carnival, part of the décor."
Despite talk of nationalization, Great Basin Gold is proceeding with plans to begin production in June at its Burnstone mine, 80 kilometres southeast of Johannesburg, Mr. Dippenaar said.
That is right........people are buying because it appears that the company is coming good on the promises of the past. The whole delay was always funding. Now that will be taken care off. I also think they are working on their financial's like they stated and other deal and their new relationship with their partner.The chill removal and all these other items IMO, are a part of a whole business plan to get this thing air born and into the stratosphere.
They are still a small company with a big task to do, but they have a plan and it started with the last shareholder meeting. A day at a time and it is starting to be built.............our little company, IMO.
One of the best posts this week was about the RSI...........it is extremely oversold. You can try to make a bet that it will go lower from here.............yes it is possible......but how likely is that? At around 26 , that is an extreme position unless something has changed fundamental with the company. I don't think anything can change fundamentally expect to the upside with more reserves or possibly other mineral finds.At these levels or even lower is when the risk to buy is less.............even though it feels scary.
All that Vanadium has been there for millions of years, it is not going away and its use will not go away. My personal feeling is that market makers shorted this because the public perceives that it may be a while before we get any more PP movement and the new listing coming up demands a lower price for the wolves at our new neighborhood.............Even they have to eat.......
All very simple..........if it goes lower, it is even simpler the choice of buying more. IMO.
Chilling..............that is all I am doing now. sitting in one foot of snow and unable to even move under these conditions. I figured you where fooling...............but...I decided to preach to the flock and go fishing for lost investors instead of trout.
I am hearing interesting rumors.Maybe these next few weeks have a purpose nad are not just idle time......we will see.
I don't get why you say that?.....You know it is a partial chill by the DTCC only............
Because of this a lot of people can't participate through their normal brokers and it creates a bad atmosphere of doubt.
I also not expect any kind of may be mutual fund participation unless that chill was lifted. I just don't see how they could sell that to their members. In fact many large brokerage firms will not even let you buy penny stock through them............now with a partial chill on top of that.It makes us look like we have the plague..........and even less people will buy it
That is the chill everyone else is concerned about getting lifted................so that your investment here in this stock will prosper like it deserves too.That is the Chill that is hurting our investment..........we have been wronged......don't you think?
I expected this decline before going on the TVX............it just seems to happen that way.They want to get in cheap also.......that way they can have happy clients when it goes up later.....IMO.
OK...................that is good news. I would prefer financing to be done at higher levels.I don't really know why??.........the decline..........may be people feel they don't want to hold for an extended time, may be they are dumping natural resource stocks......I don't know. but I bought some yesterday and today.Hit support (IMO) at .28..............that should hold. If now................well I just have to buy more at lower prices.
Sell points.......I am buying........:)
IMO.............it means that they are going to get the money NO question about it. A PR like this with firm specific date is not done without both parties agreeing to it.It is foolish to do unless it is for certain.
So there is no doubt it will get done, they are liable for saying it in such a way. I think are many reasons for doing this kind of firm date PR.One reason is that they want the chill to be removed, this PR says " we are for real" ...........so why is there a chill? Please take care of it. It is a polite way of making a petition for removal...saying there is really no excuse now.
Also ,IMO.....they could have received better than expected interest in Poland for such a project. If that happened they would have to enlarge the project if such a thing happened. I think from the rumors of the past and the extended trips to Poland that may be that is what is going on behind the scenes.Simple common sense.......a larger project, more paper work.
Also if it is taking them longer to complete the paper work they may also be in need of short term money.I think they expected this to close a lot sooner and since Life offers opportunity, that are unexpected, they may have found themselves running low on operating capital.What a better way to get a little spending money until the big check arrives than to put out a Firm PR about the closing date.Otherwise.........who would really throw more money into the game unless they had a firm date.
Elementary really........If my hunches are right..........this Poland project could be bigger and better than we all expect.Why else would both parties produce such a PR???............because the deal is done and it just needs a little more time for the little details.........IMO.
It is actually a German brown trout. caught on the white river of Arkansas at night on a rapalla countdown lure about 5" long.
the camera made it look a little larger that it was. It was less than two cats long...........it was 26" long weight was 8 lbs 4 ounces and had a girth of 15".
It is the biggest trout I have ever caught. It took me about a year of effort to get it.the river here has the record of over 40 lbs...............so they get much larger. recently a local lady landed a 29 lb one.I twas a radical looking thing, fat and snarly with a hook jaw like a salmon.
Way to much fun................I go out every few days to try to get a bigger one. some people say the big one are good eating others say not.I decided to mount him just because of I don't know if I will get another.the next one I will just take a picture and release...............this one I just had to have for bragging rights.
Caught a nice 18" rainbow earlier in the week and it tasted real good...........Hmmm!
La Linda Vida.
investors relations did not tell me that?
I have aobut10 other stock that took a hit today.Nothing changed on them except the market was down,so market makers took it down.what would you do if you made a market?
If not..........then it is the olde..............22 center as the last stand and extreme bargain price.
I think may be .28 cents will hold.........just by looking at the charts............IMO
Madagascar: Region Rejects Rajoelina's Election Plans
15 January 2010
Southern African leaders have dismissed plans by Malagasy leader Andry Rajoelina to hold unilaterally-organized elections in March.
A summit of heads of state and government attending the inauguration of President Armando Guebuza of Mozambique, who was re-elected in October, called on Rajoelina to return to internationally-supervised talks aimed at restoring constitutional rule in Madagascar.
Last month Rajoelina, who seized power last March, repudiated agreements reached with three former presidents of Madagascar in August and November on the establishment of a transitional government pending new elections.
In a communique issued on Friday after their meeting in Maputo, leaders of the Southern African Development Community (SADC) said: "Summit... rejects the unilateral plan of the de facto Government of Madagascar to reorganize the transition and hold legislative elections in March 2010, and urges the international community to also reject it."
L'Express
They said Madagascar would remain suspended from all SADC structures until the restoration of constitutional order.
The communique added: "Summit rejects any attempt to use democratic means, institutions and processes to legitimize Governments that came to power through unconstitutional means, and urges the international community, in particular the development partners, to support SADC's efforts to promote and sustain democracy in the region in general and Madagascar in particular."
The agreements reached last year were "the only viable framework for a consensual, inclusive, neutral and transparent transition in Madagascar," the communique said. It called on all Malagasy political movements to return to talks immediately to work towards a compromise to resolve the country's political crisis.
Copyright © 2010 allAfrica.com. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com).
Now...Now boys..................lets buy some!
I am not sure what planet "YOUR" Scottrade is on......but I called my Scottrade In Arkansas and they just told me no buy or sells.........not even with broker assistance.I know them well there and they are familiar with the IPWG story. They have even helped me get IPWG out and transferred to E-trade in the past.I think they would reflect the company and their position on it..............unless they are mavericks or the passenger pigeons have not yet delivered the mail to them today.That is my experience
Friend...........what are you going on about? we have done DD on this for years and you are just throwing out stuff that you find on goggle without any further DD.
IPWG is not fully reporting yet.they probably will be in a few months and we will all know more.You are not making any sense, and it is a lot of work for us to educate you on everything of the past just because you found a PR yesterday.
Yeah.........interesting...........Now all we need is some money to start building just one. build one and the rest will follow.Common sense would have it that all that work of the past is still viable and good.....if we can just get the money to build them.
That is what was missing in the picture......May be now is the time.Ohhh Happy days!!!.............common baby ...roll me anything but snake eyes.
I don't know about the odds........but if you where looking for a stock that has been totally washed out and has no more speculative momentum behind it at this time................IMO .....IPWG is that stock.
What happens next???.........who knows.this could be the last time you can get some money out or it could be a very good entry point?
Who really knows????????????.................If you put a gun to my head.............I could not be certain which it is.
I don't think you can make an assumption that those are anything other than an order being filled. I have place orders to buy a stock and I can see it being filled in weird chunks like this. I don't know why it is done this way sometimes..........they just chop on your order in chunks until it gets filled. It could be that there are few shares for sale at that time........who knows?
they are probably real.............just weird........IMO.